Fully integrated oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) this morning announced a new initiative to expand the size and scope of its advisory board. “With the recent initiation of production at our facility, we have a backlog of interest from partners around the world for which a visit to an operating facility was the logical next step,” Alex Blyumkin, executive chairman of Petroteq, stated in the news release. “Our plan is to add experienced energy entrepreneurs and executives to our ranks to handle the inquiries we have been fielding, as well as develop new opportunities that will help the Company grow.” As part of this initiative, Petroteq also announced that experienced entrepreneur Heriberto “Eddie” Gonzalez has agreed to join the company’s advisory board. Per the update, Gonzalez will aim to provide Petroteq with significant contacts and relationships beneficial to potential opportunities and partners in Mexico, Central and South America.
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About Petroteq Energy Inc.
Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Petroteq’s proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com
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